PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

607950

Primary Business Area

Manufacturing, Agribusiness & Services

Disclosure Date

May 25, 2023

Country

Zambia

Region

Africa

IFC Approval Date

May 26, 2023

Status

Active

Estimated Total Budget

$358,139.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 1, 2023

Project Estimated Start Date

May 15, 2023

Project Estimated End Date

Jun 27, 2025

Project Description

The proposed advisory project will complement IFC’s investment facility of US$ 35 million to finance the expansion program comprising: (i) construction of environmentally controlled broiler houses; (ii) construction of a wheat mill; (iii) improvement of abattoir operations including the installation of upgraded refrigeration facilities; (iv) development of irrigated land; (v) improvement of feed mill operations including the installation of a second pellet line and extrusion upgrade; (vi) purchase of farm implements; and (vii) working capital for the purchase of animals, maize, and soybeans. In addition, the Food Safety Advisory team will provide technical assistance to support the implementation of GLOBALG.A.P standards in Zambeefs processing and animal production units. By the end of the implementation period, the project aims to have certified seven entities against the GLOBALG.A.P. standard.

Development Results

E&S Risks / Impacts and Mitigation